La-Z-Boy Inc. (NYSE:LZB)’s share price hit a new 52-week high on Monday . The company traded as high as $30.47 and last traded at $30.20, with a volume of 79,892 shares changing hands. The stock had previously closed at $30.22.

Separately, Zacks Investment Research raised shares of La-Z-Boy from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Friday, June 24th.

The firm has a market capitalization of $1.47 billion and a price-to-earnings ratio of 19.39. The firm’s 50-day moving average price is $28.35 and its 200 day moving average price is $25.69.

La-Z-Boy (NYSE:LZB) last posted its earnings results on Tuesday, June 21st. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $417.07 million for the quarter. The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. On average, analysts expect that La-Z-Boy Inc. will post $1.77 EPS for the current fiscal year.

In related news, SVP John Douglas Collier sold 15,000 shares of the company’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $26.86, for a total transaction of $402,900.00. Following the transaction, the senior vice president now directly owns 81,065 shares in the company, valued at approximately $2,177,405.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Louis M. Riccio, Jr. sold 8,000 shares of the company’s stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $28.17, for a total transaction of $225,360.00. Following the transaction, the chief financial officer now owns 115,651 shares in the company, valued at $3,257,888.67. The disclosure for this sale can be found here.

Other institutional investors have recently modified their holdings of the company. Buckhead Capital Management LLC increased its position in shares of La-Z-Boy by 47.2% in the fourth quarter. Buckhead Capital Management LLC now owns 47,093 shares of the company’s stock valued at $1,150,000 after buying an additional 15,111 shares during the last quarter. Bank of Montreal Can increased its position in shares of La-Z-Boy by 4,048.6% in the fourth quarter. Bank of Montreal Can now owns 504,762 shares of the company’s stock valued at $12,326,000 after buying an additional 492,595 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of La-Z-Boy by 14.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 50,940 shares of the company’s stock valued at $1,243,000 after buying an additional 6,462 shares during the last quarter. Morgan Stanley increased its position in shares of La-Z-Boy by 36.2% in the fourth quarter. Morgan Stanley now owns 466,440 shares of the company’s stock valued at $11,390,000 after buying an additional 123,905 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of La-Z-Boy by 78.7% in the fourth quarter. GSA Capital Partners LLP now owns 58,108 shares of the company’s stock valued at $1,419,000 after buying an additional 25,600 shares during the last quarter.

La-Z-Boy Incorporated manufactures, markets, imports, distributes and retails upholstery furniture products. In addition, the Company imports, distributes and retails accessories and case goods (wood) furniture products. The Company operates through segments including the Upholstery segment, the Casegoods segment and the Retail.

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